# 116-hr-5318: Bank Merger Review Modernization Act of 2019

116-hr-5318, Bank Merger Review Modernization Act of 2019, is a 116th Congress bill sponsored by Rep. García, Jesús G. "Chuy" [D-IL-4] (D-IL); status Referred to the House Committee on Financial Services. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/116-hr-5318
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 116-hr-5318
- Congress: 116
- Title: Bank Merger Review Modernization Act of 2019
- Status: Referred to the House Committee on Financial Services.
- Introduced: 2019-12-05
- Sponsor: Rep. García, Jesús G. "Chuy" [D-IL-4] (D-IL)
- Cosponsors: 3
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Bank Merger Review Modernization Act of 2019 This bill establishes additional requirements for bank mergers and acquisitions, including by requiring approval from the Consumer Financial Protection Bureau for certain mergers involving a provider of consumer financial products, financial regulators to determine that the public benefits of any merger outweigh the costs, specified community reinvestment ratings, and institutions to meet certain financial stability standards and stress testing. Financial regulators must assess the competitive effects a merger will have on the market for certain financial products. Applicants for a bank merger must disclose specified communications regarding the proposed merger. The bill provides citizens with standing to file a civil action to review a merger approval.

## Cosponsors (3)

- Rep. Schakowsky, Janice D. [D-IL-9] (D-IL), 2019-12-05T00:00:00.000Z
- Rep. Tlaib, Rashida [D-MI-12] (D-MI), 2019-12-05T00:00:00.000Z
- Del. Norton, Eleanor Holmes [D-DC-At Large] (D-DC), 2019-12-05T00:00:00.000Z

## Related bills

- 116-hr-8924: Our Homes, Our Votes Act
- 116-hr-8820: PASS Act
- 116-hr-8270: I am Vanessa Guillén Act of 2020
- 116-hr-8015: Delivering for America Act
- 116-hr-7816: Abortion is Health Care Everywhere Act of 2020
- 116-hr-7633: Lead Abatement for Families Act of 2020

## Sources
- [116-hr-5318 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/5318)

## Related
- [116-hr-8924: Our Homes, Our Votes Act](https://policyrisk.com/legislation/116-hr-8924)
- [116-hr-8820: PASS Act](https://policyrisk.com/legislation/116-hr-8820)
- [116-hr-8270: I am Vanessa Guillén Act of 2020](https://policyrisk.com/legislation/116-hr-8270)
- [116-hr-8015: Delivering for America Act](https://policyrisk.com/legislation/116-hr-8015)
- [116-hr-7816: Abortion is Health Care Everywhere Act of 2020](https://policyrisk.com/legislation/116-hr-7816)
- [116-hr-7633: Lead Abatement for Families Act of 2020](https://policyrisk.com/legislation/116-hr-7633)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-5318 (as of 2025-11-18).